Our preference: LONG positions above 21.3 with targets @ 22.35 & 22.75.
Alternative scenario: The downside penetration of 21.3 will call for 20.85 & 20.6.
Comment: a support base at 21.3 has formed and has allowed for a temporary stabilisation.
Monday, September 16, 2013
USDCHF Technical Analysis - Sell at 0.9955
USDCHF made a nice bull move from 0.9716 to 0.9990. Then USDCHF drops from over bought zone. USDCHF is trading below its 20 period MA on 4h ...
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USDJPY is trying to stay with a larger uptrend now after recent reversal down to 95.50 support which appears to be wave iv). Wave iv) f...
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Pivot: 101.3 Our preference: Long positions above 101.3 with targets @ 102.4 & 103.05 in extension. Alternative scenario: Below 101...
